In the financial market, an institution that assumes responsibility for issuing a bond (underwriting) and for lead management on behalf of a customer and, under certain circumstances, also for market management. In the case of securitizations in particular, this is a service provider that – takes over asset-backed securities handed over to it by a special purpose entity, – checks their creditworthiness, – divides them into tranches, – has them rated by rating agencies (often by means of an iterative development process) and then – advertises the corresponding securities to potential investors. – See Bought Deal, Gross Spread, Club Deal, Fiscal Agent, Fixed Price Reoffering Process, Flex Clause, Investment Banking, Loan Commitment, Irrevocable, Market Maintenance, Rating Adjustment, Roadshow, Syndication, Securitization, Special Purpose Vehicle.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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